Tag: AfDB

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi June 25, 2026

Business Hot News

Zambia shifts debt burden into energy investment with AfDB support

Zambia is using AfDB-backed debt relief to fund grid upgrades and strengthen long-term energy security.

Oluwatosin Alao June 8, 2026

Hot News Business

Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi May 31, 2026

Business Global News

$650 million AfDB boost puts Uganda Rail project back on track

AfDB backs Uganda’s $650 million railway project, reviving Malaba-Kampala SGR to boost trade and regional connectivity.

Oluwatosin Alao May 30, 2026

Business Hot News

Zambia to buy back 2053 bond with $600 million AFDB loan

Zambia moves to repurchase $1.36bn 2053 eurobond using $600m AfDB loan to streamline debt and reopen global market access.

Timilehin Adejumobi May 29, 2026

Hot News Business

AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

Omokolade Ajayi March 6, 2026

Business Hot News

AfDB approves $60 million trade facility for Equity Bank to support SMEs

At a Glance The African Development Bank Group has approved a $60 million trade finance facility for Equity Bank Kenya, stepping up support for small and medium-sized enterprises as access to credit remains strained across East Africa. For many Kenyan businesses, especially import-dependent SMEs, higher global prices, currency swings and tighter lending conditions have made it harder to finance day-to-day…

Oluwatosin Alao December 26, 2025